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Kazatomprom's Q2'19 uranium production, sales climb YOY

Kazakhstan state-owned uranium producer JSC National Atomic Co. Kazatomprom's attributable uranium production in the second quarter increased 11% year over year to 3,163 tonnes.

Sales volumes for the quarter climbed 15% year over year to 3,780 tonnes of uranium as an expected delivery from the first quarter was deferred into the second quarter.

Average realized prices grew 14% yearly to US$27.69 per pound, according to an Aug. 1 release.

Meanwhile, the company trimmed the total capital expenditure guidance for the full year due to changes in the timing of spending for future expansion at some mining assets.

Kazatomprom now expects full-year capex of 80 billion Kazakh tenge to 90 billion tenge, compared to the previous guidance of 85 billion tenge to 95 billion tenge.

Attributable production in the first six months climbed 8% year over year to 6,226 tonnes. Half-year sales volumes slipped 3% to 5,425 tonnes of uranium.

As of July 31, US$1 was equivalent to 383.36 Kazakh tenge.